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About Appraisals >Lender Appraisal
Many sellers think that the price of their home is determined solely by what they are willing to accept and what the buyer is willing to pay. However, there is one more variable that can affect the sale of a home assuming that a bank loan is involved -- the lender's appraisal.
To protect the interest of their investors, the buyer's mortgage lender hires a licensed appraiser to give an independent, objective opinion of what the property is worth. The appraiser compares the house with similar homes in the neighborhood that have recently sold. Square footage, amenities and the condition of the home are taken into account. Renovations and home improvements made by the seller usually add value to the home, while defects such as needed repairs or code violations decrease the property's value. The seller's real estate agent can provide the appraiser with up-to-date information about neighboring homes that have sold to support the seller's asking price.
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What is considered one of the greatest U.S. construction projects that was also of great strategic importance to the U.S.?
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The Panama Canal, begun in 1904 and completed in August, 1914, which cost $366,650,000. |
 See More Real Estate Trivia > |
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Bob Maiocco
Keller Williams, The Maiocco Team, Inc.
6300 South Syracuse Way, #150
Greenwood Village, CO. 80111
Phone: 720-273-4262
Fax: 303-479-7532
Email: bobmaiocco@KW.com
Choosing the best real estate agent to represent you can be a daunting task. Most of us are at least friendly, and many are quite talented. I have an unyielding desire to fully understand your wants, needs, goals and limitations and also the resources to apply a working knowledge of your goals with a comprehensive knowledge of the market inventory and market conditions. I have dedicated my career to learning and developing systems to take in the entire picture, find the perfect homes, and secure the right property at the best possible terms.   
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